Heat Pump Market
Heat Pump Market - Global Industry Assessment & Forecast
#
Pages:
141
Base Year:
2022
May - 2022
Format:
Report Code:
VMR-1606
Segments Covered
By
Type Air-to-Air Heat Pump, Air-to-Water Heat Pump, Water Source Heat Pump Ground Source (Geothermal) Heat Pump, Hybrid Heat Pump
-
By
Capacity Up to 10 kW, 10 – 20 kW, 20 – 30 kW, Above 30 kW
-
By
Refrigerant Type R410A, R407C, R744, Others
-
By
End User Residential, Commercial, Industrial
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 56.78 Billion |
 Revenue 2030:
|
USD 114.80 Billion |
 Revenue CAGR
(2023 - 2030): |
9.20% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Heat Pump Market Segment Analysis
- Heat Pump Type Outlook (Revenue, USD Million, 2018 - 2030)
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Heat Pump Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Heat Pump Refrigerant Type Outlook (Revenue, USD Million, 2018 - 2030)
- R410A
- R407C
- R744
- Others
- Heat Pump End User Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Industrial
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
-
North America Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
-
North America Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
-
North America Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- U.S.
- U.S. Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- U.S. Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- U.S. Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- U.S. Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- U.S. Heat Pump Market, by Type
- Canada
- Canada Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Canada Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Canada Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Canada Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Canada Heat Pump Market, by Type
-
Mexico
- Mexico Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Mexico Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Mexico Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Mexico Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Mexico Heat Pump Market, by Type
-
North America Heat Pump Market, by Type
- Europe
-
Europe Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
-
Europe Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
-
Europe Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
-
Europe Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- U. K.
- U.K. Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- U.K. Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- U.K. Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- U.K. Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- U.K. Heat Pump Market, by Type
- France
- France Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- France Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- France Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- France Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- France Heat Pump Market, by Type
-
Germany
- Germany Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Germany Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Germany Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Germany Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Germany Heat Pump Market, by Type
-
Italy
- Italy Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Italy Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Italy Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Italy Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Italy Heat Pump Market, by Type
-
Spain
- Spain Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Spain Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Spain Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Spain Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Spain Heat Pump Market, by Type
-
Rest of Europe
- Rest of Europe Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Rest of Europe Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Rest of Europe Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Rest of Europe Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Rest of Europe Heat Pump Market, by Type
-
Europe Heat Pump Market, by Type
- Asia Pacific
-
Asia Pacific Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
-
Asia Pacific Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
-
Asia Pacific Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
-
Asia Pacific Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- China
- China Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- China Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- China Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- China Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- China Heat Pump Market, by Type
- Japan
- Japan Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Japan Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Japan Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Japan Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Japan Heat Pump Market, by Type
-
Germany
- Germany Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Germany Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Germany Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Germany Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Germany Heat Pump Market, by Type
-
India
- India Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- India Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- India Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- India Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- India Heat Pump Market, by Type
-
South Korea
- South Korea Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- South Korea Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- South Korea Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- South Korea Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- South Korea Heat Pump Market, by Type
-
South East Asia
- South East Asia Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- South East Asia Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- South East Asia Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- South East Asia Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- South East Asia Heat Pump Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Rest of Asia Pacific Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Rest of Asia Pacific Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Rest of Asia Pacific Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Rest of Asia Pacific Heat Pump Market, by Type
-
Asia Pacific Heat Pump Market, by Type
- Latin America
-
Latin America Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
-
Latin America Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
-
Latin America Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
-
Latin America Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Brazil
- Brazil Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Brazil Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Brazil Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Brazil Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Brazil Heat Pump Market, by Type
- Argentina
- Argentina Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Argentina Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Argentina Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Argentina Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Argentina Heat Pump Market, by Type
-
Rest of Latin America
- Rest of Latin America Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Rest of Latin America Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Rest of Latin America Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Rest of Latin America Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Rest of Latin America Heat Pump Market, by Type
-
Latin America Heat Pump Market, by Type
- Middle East & Africa
-
Middle East & Africa Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
-
Middle East & Africa Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
-
Middle East & Africa Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
-
Middle East & Africa Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- GCC Countries
- GCC Countries Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- GCC Countries Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- GCC Countries Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- GCC Countries Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- GCC Countries Heat Pump Market, by Type
- South Africa
- South Africa Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- South Africa Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- South Africa Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- South Africa Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- South Africa Heat Pump Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Heat Pump Market, by Type
- Air-to-Air Heat Pump
- Air-to-Water Heat Pump
- Water Source Heat Pump Ground Source (Geothermal) Heat Pump
- Hybrid Heat Pump
- Rest of Middle East & Africa Heat Pump Market, by Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
- Rest of Middle East & Africa Heat Pump Market, by Refrigerant Type
- R410A
- R407C
- R744
- Others
- Rest of Middle East & Africa Heat Pump Market, by End User
- Residential
- Commercial
- Industrial
- Rest of Middle East & Africa Heat Pump Market, by Type
-
Middle East & Africa Heat Pump Market, by Type
- North America
Vantage Market
Research | 03-Jun-2022
FAQ
Frequently Asked Question
What is the global demand for Heat Pump in terms of revenue?
-
The global Heat Pump valued at USD 56.78 Billion in 2022 and is expected to reach USD 114.80 Billion in 2030 growing at a CAGR of 9.20%.
Which are the prominent players in the market?
-
The prominent players in the market are Samsung (South Korea), Denso Corporation (Japan), Midea Group (China), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Johnson Controls (Ireland), Daikin Industries Ltd. (Japan), Carrier (US), LG Electronics (South Korea), Trane Technologies (Ireland), GEA Group Aktiengesellschaft (Germany), Fujitsu General (Japan), Thermax Limited (India), Lennox International (US), Danfoss A/S (Denmark), Glen Dimplex (Ireland), Viessmann (Germany), Nibe (Sweden), Guangzhou Sprsun New Energy Technology Development Co. Ltd. (China), Rheem (US), Emerson Electric Co. (US).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 9.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Heat Pump include
- Contribution of heat pump technology to reduce carbon footprint
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Heat Pump in 2022.
